Do you want to invest in shares in the near future? In case you really do, then you will need to open a demat account. But if you haven’t opened such an account, then you will face a problem as to how you can open it. Taking the help of a reliable broker can to a great extent help you to open such an account. Here are some of the major areas in which you can open this type of an account :-
Know a broker well enough For opening a demat account, you will need to acquire some basic details of a stock broker. You should know the type of brokers, type of accounts and the exchanges which are supported. Stock brokers are primarily of two types-discount and full-service. The full service broker is the usual stock broker you may come across. Such an officer will offer you investment options apart from stocks such as foreign exchange trading, mutual fund and commodity training. They offer clients with tips and advice's. In contrast, discount brokers charge a lesser amount and offer lesser services. Majority of the discount brokers who work online and offer a wide range of services starting from account opening to trading. All this takes place. So, they are not physically present in different cities and operate from their corporate offices as compared to full service broker who have offices are found in majority of metropolitan cities. Trade of costing Brokerage is a single term which is used by people to refer to the cost of trading. You can try to look for a broker who charges the least fees for demat account online. There are some occasions in which low brokerages can be a trap, in which the service is of inferior quality. There can be numerous hidden charges. At the beginning stage, there is account opening fees. Each broken has his own fee which varies between Rs 200 to Rs 800. AMC which stands for annual maintenance are charges of trading account is also something which you will need to pay. The amount which you be charged will depend on the number of transactions. There is also a fee for demat accounting fee. You will also need to pay a demat account opening fee and an AMC for it. Have a look at the number of brokers are exactly charging. You can maintain multiple number of trading and demat accounts as per your name.
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